Empire Title Agency's Market Report

Scottsdale, AZ

Single-Family Homes

www.ewtaz.com | MarketReports@ewtaz.com | (602) 749-7000



Scottsdale, AZ

Thu Sep 16 2021
This week the median list price for Scottsdale, AZ is $1,200,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 512. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Scottsdale, AZ

Thu Sep 16 2021
This week the median list price for Scottsdale, AZ is $1,200,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 512. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,200,000
Median Price of New Listings $877,450
Per Square Foot $412
Average Days on Market 70
Median Days on Market 35
Price Decreased 29%
Price Increased 5%
Relisted 4%
Inventory 512
Median Rent $5,000
Market Action 60
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,600,000 6,050 1 - 2.5 acres 5 5 15 9 8 101
$1,699,388 3,917 0.5 - 1 acre 4 3 24 16 18 35
$912,500 2,662 8,000 - 10,000 sqft 4 2 29 31 35 21
$650,000 1,858 6,500 - 8,000 sqft 3 2 36 36 31 14